Some business owners think that not getting paid for the odd job is simply part of being in business and write it off as part of their tax return to the IRD. Here, we illustrate the impact that not getting paid for a job has on your business and the importance of ensuring you are paid for your hard work.
It’s not just the cost of the goods and/or services that you have provided.
The real cost is the value of the additional jobs that you need to complete and be paid for in order to get back to a position of breaking even on the initial unpaid job.
The calculator below shows the real cost of not being paid. Enter the chargeable amount of the job and the profit margin percentage on that job. Our calculator will do the rest.
How would your business be impacted in the event that someone doesn’t pay you? Here at EC Credit Control, we see a lot of businesses unnecessarily stressed due to being put into this position through no fault of their own.
Protection is available in a number of different forms:
Debt Resolution if you are already in the position outlined above
Terms of Trade to help prevent you from finding yourself in the position outlined above
Registering on the PPSR to improve your position in the event one of your customers goes out of business
Heather Finlayson-Drower21. March, 2024.EC Credit Control were amazing to deal with Quick and Efficient, I sent a email, I was emailed back saying they had forwarded within 30 minutes of sending it and within minutes of that email I had a call. From there it was easy, I explained what I needed what industry I required it for and they sorted everything.AutostopAutomotive Limited19. March, 2024.Awesome and easy to deal with thanks..jan Tasker11. March, 2024.EC Credit are always able to answer questions and give advice on Debt collection and PPS Registration matters. They respond quickly and professionally.Queenstown Engineering26. February, 2024.Great working with EC Credit Control and having that support to keep our Terms of trade up to date, advice and registering applications with PPS. Makes running the business easier as one less thing to worry about.Faye Thomas20. February, 2024.Super helpful, easy to deal with. Platform is easy to navigate. 10/10Andrea Bracey15. February, 2024.Very helpful and explained the process very wellRogerio8. February, 2024.Very fast and easy to load documents. Great team very eager to help.Melissa A25. January, 2024.Superb service, customer service, they get results and communication is top notch. Highly recommend in my experience.
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EC Credit Control (NZ) Ltd
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